Asia Round Up
Kirkland launches Asia private equity funds team : Kirkland & Ellis is setting up an Asian private equity funds practice with the relocation of two partners, including London partner Justin Dolling.
International Hedge Funds Concordia, GSA Capital Shut Asian Offices As Markets Slump
There is not much to cheer about in hedge fund land. Embattled hedge fund Concordia Advisors LLC and GSA Capital Partners LLP are Asian offices as the industry posts negative returns and faces redemptions in the worst financial crisis since the 1930s.
International hedge funds are shutting down, downsizing Asian operations, or delaying office openings for the first time, as poor returns force them to cut costs and fundraising in the region proves difficult.